TJX boosts quarterly dividend by 13% to 42.50c per share

TipRanks

Tue, Apr 1, 2025, 12:41 PM 1 min read

TJX (TJX) announced that its committee has raised the magnitude of its quarterly dividend by 13% from the past dividend paid. The committee declared a regular quarterly dividend successful the magnitude of 42.50c per share, payable June 5, to shareholders of grounds connected May 15. Ernie Herrman, CEO of TJX, stated, “I americium pleased to denote that our Board of Directors has approved a 13% summation successful our quarterly dividend. This marks our 28th dividend summation implicit the past 29 years. Over this period, TJX’s dividend has grown astatine a compound yearly complaint of 20%. In addition, we program to proceed our important stock buyback program, with astir $2.0 to $2.5 cardinal of repurchases planned for Fiscal 2026. These actions underscore our assurance successful our quality to proceed driving income and profitability, and delivering beardown currency flow. All of this enables america to simultaneously reinvest successful the maturation of the concern and instrumentality important worth to our shareholders.”

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